---
schema_version: "secwatch.filing_event.v1"
accession: "0001395942-26-000033"
form_type: "8-K"
ticker: "OPLN"
cik: "0001395942"
company_name: "OPENLANE, Inc."
filed_at: "2026-09-28T20:13:33+00:00"
generated_at: "2026-10-12T13:35:35.961487+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# OPENLANE's AFC subsidiaries extend receivables facility termination dates to January 31, 2030

## Summary
- AFC and AFC Funding amended the Tenth Amended and Restated Receivables Purchase Agreement on Sept. 25, 2026, extending the facility termination date from Jan. 31, 2028 to Jan. 31, 2030.
- Automotive Finance Canada Inc. and OPENLANE entered Amendment No. 4 to the March 1, 2023 Receivables Purchase Agreement, also extending the termination date to Jan. 31, 2030.
- Lender groups include Fairway Finance, Fifth Third Bank, PNC Bank, Truist Bank, JPMorgan Chase, Royal Bank of Canada, Bank of Montreal, and U.S. Bank, among others.
- AFC Funding is a wholly owned, bankruptcy remote, consolidated special purpose subsidiary of AFC; Computershare Trust Company of Canada is trustee of AFCI Funding Trust.
- Both amendments will be filed as exhibits to OPENLANE's Form 10-Q for the quarter ended Sept. 30, 2026; CFO Bradley Herring signed the 8-K.

## SEC filing metadata
- accession: 0001395942-26-000033
- form_type: 8-K
- ticker: OPLN
- cik: 0001395942
- company_name: OPENLANE, Inc.
- filed_at: 2026-09-28T20:13:33+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1395942/000139594226000033/0001395942-26-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1395942/000139594226000033/opln-20260925.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001395942-26-000033
- JSON: https://secwatch.observer/filing/0001395942-26-000033.json
- Plain text: https://secwatch.observer/filing/0001395942-26-000033.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.